About UCO Bank

It was strange to note that the idea of UCO Bank was conceived by a Quit India Movement member, who was none other than Ghanshyam Das Birla, a leading industrialist by that time, who wanted to set up a bank in India. He did all the homework and finally established United Commercial Bank, which was finally named UCO Bank. The bank, which started its run in India's banking space with a paid-up capital of ₹ 1 crore, has now millions of businesses that are spread far and wide.

Over the years, the bank has time and again shown why it is the preferred bank among corporate, retail, MSME and other customers. These customers invariably choose UCO Bank as their banking partner to set on their mission of achieving the financial goals. The products offered to all these customers are highly customized to deliver on the promise. All these products do give customers an extra edge to pursue their dreams.

The uniqueness of the products has a lot to do with the bank's management team. The board of directors at UCO Bank are predominantly from offices of Government of India and Reserve Bank of India. While some people are actually qualified professionals like chartered accountants, business management experts, economists, to name a few. These officials take stock of the overall scenario existing in the banking space and come out with the products that align with the tastes of different customers.

UCO Bank's presence is impressive with over 3,000 branches and 2,500 ATMs in India, making you feel comfortable with the bank. Over 40 zonal offices take care of the work being undertaken by the branches. If you think, the bank is only for the Indian population, you are wrong. The bank has already branches in Hong Kong and Singapore, the premier financial landscape of the world. It's been over 60 years that the bank has been enjoying international presence.

Chandigarh, the union territory of India with its borders to both Haryana and Punjab, has branches of UCO Bank. Around 10 branches of the bank are there in the city for you to go with. Looking forward to bank with all such branches? Keep your eyes on the table below and find your nearest branch of UCO Bank in Chandigarh.

Products Offered by UCO Bank in Chandigarh

Come to UCO Bank branches at Chandigarh and you could see the staff there guide you properly of the products that are on offer. But all that would be contingent upon what do you need from UCO Bank. Means whether you want to stay away from the rent hassles by having your own home or do not want to slog out in the public transport by roaming in your own car. Depending on what your choices are, you can select from a car loan, home loan, personal loan and much more at UCO Bank to fulfill your inherent desire. A comprehensive detail of the products will help you choose better. You can find such details in a table below.

Basic Details of UCO Bank Loans in Chandigarh

Products

Eligibility

Loan Amount

Interest Rate

Processing Fee

Tenure

UCO Home Loan

Individuals with a minimum age of 21 years at the time of application and 70 years at the proposed expiry of the loan tenure are eligible.

75%-90% of the property value

8.45% - 8.70%

0.5% of the loan amount

Minimum- ₹ 1,500

Maximum- ₹ 15,000

Upto 30 years

UCO Personal Loan

Confirmed employees of either public or private sector entities or have served for a minimum period of 2 years at the existing organization for getting the approval.

Net salary after deductions of PF and others must not be less than 40% of the gross income.

₹ 10 lakhs

9.60% - 12.60%

1% of the loan amount, subject to a minimum of ₹ 750

Upto 5 years

UCO Property Loan Scheme

Available to companies, firms and individuals who have a property to mortgage.

Age must be 21 years while applying for a loan and must not be over 65 years at the time of loan maturity.

Minimum monthly gross salary of applicants should be ₹ 20K-30K

Net salary should not be less than 40% of the gross salary or ₹ 10,000, whichever is more.

For businessmen, a yearly income of ₹ 4 lakhs is required.

₹ 2 Cr-5 Cr

10.75%-11.75% p.a.

Upto 1% of the loan amount

Upto 12 years

UCO Education Loan

Students applying for courses accredited to DoE. Courses for which loan is granted include ICWA, CFA, CA, MCA, MBA, MS, etc.

Age of 28-33 years at the time of application

₹ 10 Lakhs-20 Lakhs

10.60%-11% p.a.

NIL

Upto 15 years

UCO Car Loan

Regular employee with a minimum work experience of 6 months are eligible to apply for a car loan.

Monthly salary should be a minimum of ₹ 20,000, while self-employed must earn atleast ₹ 4 lakhs-5 lakhs

Upto 85% of the on-road price of new cars.

For salaried, loan amount can equal to 36 times of gross monthly emolument

Self-employed can receive loan upto 3 times of the average gross annual income of the previous two years.

For old cars, the maximum finance is restricted to 5 lacs-15 lacs

8.70% - 8.95%

1% of the loan amount, subject to a maximum of ₹ 1,500

Upto 7 years for new cars

Upto 5 years for old cars

UCO Trader Loan

Existing businesses which are in the operation for a minimum of years and making profits in the previous 2 years are eligible to receive the loan.

₹ 1 Lakh-2 Crore

9.75%-11.55% p.a.

Upto ₹ 20,000

UCO Roop Sangam

Available to any woman or a unit formed by a group of women.

The Partnership firms where women partners must have a higher share.

Companies where women own the maximum of capital, which is invested.

The borrower should be a minimum of 20 years at the time of application and must not be over 60 years by the time loan matures.

₹ 3 Lakhs-10 Lakhs

9.75% p.a.

Upto ₹ 363 per lakh and service tax, if any

Upto 5-7 years

UCO CA Loan Scheme

Chartered accountants be it on an individual or joint basis or proprietorship firm or a partnership firm.

CA firm must have been working for the last 2 years.

The applicant's name or firm name must not have figured among the RBI's list of defaulters.

Upto 2 Lakhs-1 Crore

11.70% p.a.

0.5% of the loan amount, subject to a minimum of ₹ 2,000

Upto 10 years

Documents Required to Avail Loans from UCO Bank in Chandigarh

Products

Salaried

Self-employed

UCO Home Loan

Identity Proof- PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months

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